Jefferies Sees Opportunity For WAG

Jefferies has reported on the opportunities available for Walgreen Co. WAG. In the report Jefferies writes, "Walgreens stands to benefit from improving in-store execution and merchandising, which are clearly taking hold at retail, cost control, significant cash for share repurchases and tailwinds in FY12 of both a better consumer and a favorable generic cycle." WAG has a Buy Rating and a $50.00 Price Target. WAG closed yesterday at $39.21.